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Nov 30, 2012
11/12
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
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Nov 29, 2012
11/12
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. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising rates. >> reporter: the president says no lon
. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom...
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Nov 30, 2012
11/12
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she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
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Dec 5, 2012
12/12
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president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing editor for "time" magazine and director editor of msnbc david wolfe. he's a new yorker now. eroll, let me start with you. watching what we're doing down in washington, does anybody outside of washington care? >> very much so. very much so. >> new york is paying attention because of all you wall street people. >> wall street and the defense cuts. there's a lot riding on it and a lot as far as people's preferences. the state votes for the president, the state votes for a president who said he was going to do certain things. you sort of wanted to see him at least get it done, get a clear up and down vote on it. >>
president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing...
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Dec 5, 2012
12/12
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is, on the specific issue of revenue and overhauling the tax code? >> thank you. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from what was said. bowles-simpson said broaden the base, lower the rates. we now have the president's proposing raising the rates and opposing a base-broadening measure. republicans want to keep the rate same and broaden the base, but that is different. bowles-simpson had it right. i look at the logic of the white house with regard to the idea of capping itemized deductions. i would like to take a look at it from a cost-benefit point of view. we're looking at tax expenditures, and we should weigh the cost of benefits in doing it. they're against it for two reasons. the first one would affect some taxpayers making less than $250,000, which is true. this would be a $50,000 cap, so the people we're talking about are people who are
is, on the specific issue of revenue and overhauling the tax code? >> thank you. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from what was said. bowles-simpson said broaden the base, lower the rates. we now have the president's proposing raising the rates and opposing a base-broadening...
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is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet the majority of the s&p is valued at just below what apple lost yesterday. >>> a fairfax county woman will have to remove parts of her negative online review of a home contractor. the ruling was made yesterday. jane perez complained about repairs at her townhouse on yelp and angie's list. she claimed that her jewelry disappeared and that the contractor christopher deitz had the only other key to her home. the judge
is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple...
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Dec 5, 2012
12/12
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mainly because president obama stood up for the middle class and said, when it comes to taxes, we all have to pay our fair share; no more, no less. so when you tell your friends that the president wants to give you your tax cut, you should tell them also it's being held up by the republicans in congress who are sitting on a bill that passed july 25, 2012. 98% of the american people will get their tax break continued, and only income over $250,000 will be taxed at the same rates when bill clinton was president. let's take a look back at those days. were they harsh for people? no. we had more millionaires created, i remember, in those days than we had in generations. you know why? because when the middle class is strong and he invested in the middle class, he invested in our people, they get good jobs, they pay enough taxes, they go to the mall, they make -- they take a trip across the country to see all the great landmarks, and people across this country who have businesses do well. that's why we see so many business people, including small business people, standing at president obama'
mainly because president obama stood up for the middle class and said, when it comes to taxes, we all have to pay our fair share; no more, no less. so when you tell your friends that the president wants to give you your tax cut, you should tell them also it's being held up by the republicans in congress who are sitting on a bill that passed july 25, 2012. 98% of the american people will get their tax break continued, and only income over $250,000 will be taxed at the same rates when bill...
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Dec 8, 2012
12/12
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that was when president obama also extended all of the bush era tax breaks that are about to expire. host: first, we have a question from cindy. >> watch the rest of this segment on our website, c- span.org. we now go to the national press club in washington, where senator mark warner is the sponsor of legislation to allow highly skilled immigrants into the u.s. the university of virginia is hosting this. will also hear from the uva president teresa sullivan and steve case, the founder of aol. >> we have instructed the panel is not to say hello to friends and family, so i will do it for them. hi, mom, i kids. tonight's keynote concludes a series of discussions about the problems, prospects, and policies are running high skilled immigration policy in the u.s. this morning at the miller center washington d.c. office, we have brought to the panelists from law, economics, and the private sector to debate and deliberate about a range of topics related to high skilled immigration. our discussion was framed by which isng at s.aessay, available on the miller center web site. our first sessio
that was when president obama also extended all of the bush era tax breaks that are about to expire. host: first, we have a question from cindy. >> watch the rest of this segment on our website, c- span.org. we now go to the national press club in washington, where senator mark warner is the sponsor of legislation to allow highly skilled immigrants into the u.s. the university of virginia is hosting this. will also hear from the uva president teresa sullivan and steve case, the founder of...
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Dec 6, 2012
12/12
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even if we did believe that president obama would dedicate new revenue from tax increases to help pay down the deficit -- and i don't believe that -- new revenue extracted from the top two brackets would only fund the government for about a week, a little less than a week. so that's clearly not the answer. when the president says well, we need to ask the wealthy to pay a little more, let's parse that for a second. you're not asking them to do it. if you pass the law, i.r.s. will come after you if you don't. so this is not a pleasant request. this is i.r.s. saying you have to pay more money to the united states government. and the president always likes to say a little more. well, it's not so little if your tax rate now goes up to almost 40%. if you're a small business man and you have got to pay 40% to uncle sam, you're probably not going to be able to grow your business. you might not be able to stay in business. you're certainly not going to be able to hire more people. so that's not little to them. it is little to funding the united states government. what the president says these
even if we did believe that president obama would dedicate new revenue from tax increases to help pay down the deficit -- and i don't believe that -- new revenue extracted from the top two brackets would only fund the government for about a week, a little less than a week. so that's clearly not the answer. when the president says well, we need to ask the wealthy to pay a little more, let's parse that for a second. you're not asking them to do it. if you pass the law, i.r.s. will come after you...
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Dec 6, 2012
12/12
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then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. red-leaning states like max baucus. host: that was the headline recently in "the wall street journal," showing the senators. at its highest, what was the estate tax? how many people did the estate tax affect? guest: we are talking tens of thousands. right now it affects 3000 estates. the exemption level is set high historical novel. it has come down significantly. big argument from conservatives is it hits small businesses and farms. the number a hits is a small fraction. host: if nothing happens, what happens to the estate tax? guest: then it goes back to the levels of an exemption of $1 million. host: and that could hit ab
then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. red-leaning states like max...